According to ChainCatcher, Bitwise Chief Investment Officer Matt Hougan said that U.S. Vice President Harris' recent comments on cryptocurrencies have attracted market attention. If regulators let it go, investors will flock to the digital asset market.
On Monday, Harris pledged to support a regulatory framework that protects black people from investing in and owning cryptocurrencies. Coincidentally, the price of Bitcoin rose by 5% that day, and $555.8 million flowed into the Bitcoin spot ETF, the largest inflow since June 4.
Hougan pointed out: "No matter what Harris said, the price action on that day showed that there was a lot of money waiting on the sidelines, waiting for a signal to enter the market."